Question 1

What is Vision (VSN)?

Accepted Answer

Vision (VSN) is a Web3 ecosystem token initiated by the Vision Web3 Foundation, a Swiss-based organisation focused on developing, promoting, and supporting decentralised ledger technology (DLT) ecosystems and Web3 adoption. VSN was launched as part of a token migration plan, merging Bitpanda Ecosystem Token (BEST) and Pantos (PAN) into a single asset.

The token was created to enhance usability, interoperability, and community engagement within the Bitpanda and broader Web3 ecosystems. Core objectives include facilitating on-chain governance, incentivising staking participation, integrating into decentralised applications (dApps), and expanding into third-party platforms beyond Bitpanda.

VSN operates as an ERC-20 token on Ethereum, with planned cross-chain mint and burn bridging capabilities to ensure interoperability across EVM-compatible blockchains. Technical infrastructure for VSN is developed with contributions from Bitpanda GmbH and Pantos GmbH, with governance and funding managed by the Vision Web3 Foundation.

Question 2

What is VSN used for?

Accepted Answer

VSN is designed to provide functional utility in the Vision ecosystem through:

- **Staking** – Holders can stake VSN to earn additional tokens via an emission-based model. Staking rewards are minted dynamically, starting with an annual emission rate targeting 5% in the first year, adjustable through governance.  
- **On-chain governance** – Token holders can vote on certain ecosystem parameters, such as burn rates and allocation of promotional budgets. Governance proposals and voting are managed via decentralised platforms like snapshot.org.  
- **Cross-chain interoperability** – The token supports bridging to EVM-compatible blockchains, enabling usage in multiple decentralised environments.  
- **Ecosystem participation** – Integration into dApps and services within and outside of the Bitpanda ecosystem, including potential use in DeFi protocols and promotional activities.

VSN does not grant equity rights, dividends, or claims against the Vision Web3 Foundation. Governance rights are limited to on-chain token-related decisions rather than organisational control.

Question 3

Who created Vision (VSN)?

Accepted Answer

The Vision Web3 Foundation, registered in Zug, Switzerland, is responsible for the governance, funding, and strategic development of the VSN ecosystem. The Foundation’s board includes Bernadette Leuzinger, Fabian Reinisch, and Hans Kuhn.

Technical development and infrastructure support are provided by Bitpanda GmbH, an Austrian-registered crypto-asset service provider, and Pantos GmbH, which specialises in interoperability research and development. Funding for the project includes resources originally raised during Pantos’ ICO, transferred to the Foundation to support long-term operations.

Question 4

Technical Architecture

Accepted Answer

- **Token Standard**: ERC-20 on Ethereum, upgradeable contract structure  
- **Consensus Mechanism**: Ethereum Proof-of-Stake, providing block finality via validator-based attestations  
- **Cross-Chain Features**: Mint and burn functions to support bridging between Ethereum and other EVM-compatible networks  
- **Emission Model**: Inflationary staking model with governance-controlled annual minting rates  
- **Burn Mechanism**: Community-approved periodic burns and optional buybacks funded by ecosystem revenue  
- **Governance**: On-chain voting for key parameters, with voting rights tied to token holdings  
- **Security**: Interaction with staking and migration functions via proprietary decentralised applications, with private key control resting with the user.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	VSN-USDT VSN_USDT	gateio	A	0.04361USDT	-0.18%	3,782,334.00VSN	2,908	0.04369USDT	0.04397USDT
2	VSN-EUR VSNEUR	kraken	AA	0.03893EUR	-0.46%	2,371,995.48VSN	1,933	0.03911EUR	0.03926EUR
3	VSN-USDT VSNUSDT_SPBL	bitget	BB	0.04392USDT	-0.43%	1,786,897.35VSN	5,648	0.04411USDT	0.04437USDT
4	VSN-USD VSNUSD	kraken	AA	0.04351USD	-0.87%	1,328,610.83VSN	1,363	0.04389USD	0.04389USD
5	VSN-USDT VSN-USDT	kucoin	BB	0.04344USDT	-0.57%	471,534.00VSN	406	0.04369USDT	0.04402USDT
6	VSN-USDT vsn_usdt	lbank	C	0.04356USDT	-0.27%	23,695,252.03VSN	84,251	0.04368USDT	0.04376USDT
7	VSN-USDT vsnusdt	huobipro	C	0.04285USDT	-2.53%	6,288,005.04VSN	4,616	0.04396USDT	0.04414USDT
8	VSN-USDT vsn_usdt	xtpub	-	0.04361USDT	-0.16%	2,458,578.00VSN	746	0.04368USDT	0.04391USDT
9	VSN-USDT VSNUSDT	toobit	C	0.04355USDT	-0.39%	1,912,704.00VSN	5,799	0.04372USDT	0.04377USDT
10	VSN-USDT VSN_USDT	bitunix	C	0.04358USDT	-0.18%	1,717,463.00VSN	6,337	0.04366USDT	0.04383USDT
11	VSN-USDT VSNUSDT	mexc	C	0.04357USDT	-0.37%	1,554,259.96VSN	3,280	0.04373USDT	0.04382USDT
12	VSN-USDT VSN-USDT	bingx	D	0.04357USDT	-0.23%	1,237,410.94VSN	6,422	0.04367USDT	0.04394USDT
13	VSN-EUR VSN-EUR	bitvavo	B	0.03896EUR	-0.48%	790,391.14VSN	827	0.03915EUR	0.03919EUR
14	VSN-USDC VSNUSDC	hyperliquid	-	0.03329USDC	0.00%	0VSN	0	0.03329USDC	0.03329USDC